ATLANTA, Georgia (March 11, 2019). – MedShare, a global humanitarian aid organization based in Atlanta, will celebrate the launch of a new partnership with Philips, a global leader in health technology company with offices in Alpharetta, on Wednesday, March 27, 2019. The organizations will collaborate to deliver lifesaving biomedical equipment and technology to medically underserved communities around the world. This equipment and technology is sorely needed in communities where resources are scarce and an estimated 40% of biomedical equipment is inoperable (source: The Lancet). The partnership will deliver equipment primarily through MedShare's Maternal & Child Health Program as Philips donates state of the art maternal and neonatal medical equipment.

MedShare invites members of the press to a launch celebration on Wednesday, March 27, 2019:

'Our new partnership with Philips will make an immeasurable impact on the communities we serve,' said Charles Redding, CEO and President of MedShare. 'This partnership will enable MedShare to sustainably strengthen healthcare in medically underserved communities for years to come. Each piece of equipment donated by Philips will serve hundreds, if not thousands, of patients, and equip healthcare providers with the tools they need to save lives.'

Philips is leading the way in sustainable health technology and helping drive access to care by repurposing its used medical equipment to bring healthcare to those who need it most – donating clinically viable equipment for another lifecycle in underserved communities. As a leader in solutions for precision medicine, connected care, and image guided therapy, Philips equipment donations will expand MedShare's medical equipment offerings significantly.

'Increasing access to care is core to Philips mission of improving the lives of three billion people a year by 2025,'said Stefano Folli, Senior Vice President, Customer Services, Philips North America. 'Not only are we providing advanced technology to those who don't have it, this partnership with MedShare allows us to provide application training, service and remote monitoring, ensuring our equipment is part of a sustainable solution for tens of thousands of people.'

MedShare has delivered over $220 million in medical aid to communities in 103 countries. Since its inception, MedShare's Biomedical Equipment Training & Repair Service has provided critical biomedical equipment training to more than 7,000 engineers, technicians, and end-users. Connecting MedShare's global network of healthcare partners with Philips' state of the art biomedical equipment will improve the quality of biomedical service offerings in underserved communities, as well as significantly increase the capacity of health systems in impacted areas.

Philips and MedShare representatives will be available for comment at the partnership launch. Guests will hear from leaders in the global health community and enjoy a networking lunch following a tour of MedShare's facilities.

About MedShare MedShare is a 501c(3) humanitarian aid organization dedicated to improving the quality of life of people, communities, and our planet by sourcing and directly delivering surplus medical supplies and equipment to communities in need around the world. MedShare's programmatic approach addresses specific health challenges through its Primary Care Program, Maternal & Child Health Program, Disaster Relief Program, Infectious Disease Control & Prevention Program, and Biomedical Equipment Training & Repair Service. For more than 20 years MedShare has strengthened global healthcare and supported sustainable development in low-resource communities. For more information, please visit the organization's website at www.medshare.org.

About Royal Philips Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.